F3 Hits 2.0m of 31.4% U3O8 Within 7.6% Over 12.0m at JR
F3 Hits 2.0m of 31.4% U3O8 Within 7.6% Over
12.0m at JR
Kelowna, British Columbia--(Newsfile Corp. - June 12, 2024) -
F3 Uranium Corp
(
TSXV: FUU
)
(
OTCQB: FUUFF
) ("
F3
" or "
the Company
") is pleased to announce assay results for fifteen drillholes
from the winter 2024 drill program, including PLN24-116 which was cored in the JR Zone (see NR
January 30, 2024) and which returned
12.0m of 7.6% U
3
O
8
, including a
high grade 8.0m interval
averaging 11.2% U
3
O
8
, further including an ultra-high grade core of
2.0m of 31.4% U
3
O
8
.
The ongoing
summer exploration drilling around the southern end of A1 and northern end of B1 continues to yield
excellent structure with intermittent anomalous radioactivity, with PLN24-152 intercepting two distinct
radioactive intercepts with up to 760 cps.
Exploration is proceeding with two diamond drills, one focused on systematically testing the A1 shear
using short holes, infilling along strike in areas with low drillhole density and intercepting intermittent
weak radioactivity. The second diamond drill is currently focusing on the area between the southern end
of the A1 shear and the B1 shear, an area of structural complexity marked by the cross-cutting Harrison
fault, with related A1 shear splays interpreted as fault horses on the footwall side of the Harrison fault. Of
particular interest is PLN24-152 (see Photo 1) which intersected two radioactive intervals within
graphitic and clay altered shear zones including the main A1 shear.
A large-scale ground gravity survey, including coverage over the A1 and B1 shears is still in progress.
Sam Hartmann, Vice President Exploration, commented:
"We are very pleased with the results of the ongoing exploration program, in particular the area around
the southern end of A1 where our geological targeting model is improving. The area between the A1 and
B1 shears continues to be rich with the right kind of structures - altered and displaying radioactivity. Our
release today includes winter assays up to hole PLN24-131, with an additional fourteen holes still
outstanding, including six from B1. Strongly anomalous exploration geochemistry results at B1 with up to
0.022 % U
3
O
8
in PLN24-122 reinforce our belief that the area has the potential to host high grade
uranium. This is bolstered by the concurrent release of scintillometer data including PLN24-152, which
intersected two radioactive intervals - coupled with very favorable structure and alteration."
Winter 2024 JR Assay Highlight:
PLN24-116 (line 075S):
12.0m @ 7.6% U
3
O
8
(224.0m to 236.0m), including:
8.0m @ 11.2% U
3
O
8
(224.5m to 232.5m), further including
2.0m @ 31.4% U
3
O
8
(227.0 m to 229.0m)
Winter 2024 Exploration Geochemistry Highlights:
PLN24-122
(line 3450S) B1 Exploration:
0.5m @ 178 ppm U, 0.022 % U
3
O
8
(596.5m to 597.0m)
PLN24-131
(line 795S) A1 Exploration:
0.5m @ 100 ppm U, 0.010 % U
3
O
8
(252.5m to 253.0m)
Summer 2024 Handheld Spectrometer Highlights:
PLN24-149
(line 795S) A1 Shear Exploration:
0.5m
radioactivity from 196.5m - 197m, with a peak radioactivity of 430 cps
PLN24-152
(line 2850S) A1/B1 Shear Exploration:
1.5m
radioactivity from 351.0m - 352.5m, with a peak radioactivity of 460 cps, and
0.5m
radioactivity from 436.0m - 436.5m, with a peak radioactivity of 340 cps, and
0.5m
radioactivity from 440.5m - 441.0m, with a peak radioactivity of 760 cps
PLN24-157
(line 2745S) A1/B1 Shear Exploration:
0.5m
radioactivity from 460.0m - 460.5m, with a peak radioactivity of 380 cps, and
1.0m
radioactivity from 558.5m - 559.5m, with a peak radioactivity of 730 cps
PLN24-158
(line 2040S) A1 Exploration:
0.5m
radioactivity from 179.5m - 180.0m, with a peak radioactivity of 530 cps
PLN24-160
(line 2430S) A1 Exploration
0.5m
radioactivity from 172.5 - 173.0m, with a peak radioactivity of 430 cps
Photo 1. PLN24-152 Mineralized Intervals
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Table 1. Drill Hole Summary and Uranium Assay Results
Collar Information
Assay Results
Hole ID
Grid Line
Easting
Northing
Elevation
Az
Dip
From (m)
To
(m)
Interval (m)
U
3
O
8
weight
%
PLN24-116
075S
587757.9
6410697.1
546.0
-65.5
54.3
224.00
227.00
3.00
3.49
227.00
229.00
2.00
31.4
incl
228.00
228.50
0.50
47.8
229.00
232.50
3.50
4.72
incl
231.00
231.50
0.50
10.4
232.50
236.00
3.50
0.24
272.00
272.50
0.50
2.33
PLN24-117
000
587655.7
6410710.8
544.7
-54.4
54.1
262.50
267.50
5.00
0.09
PLN24-118
3240S
589686.9
6408181.3
534.7
-70.7
54.0
B1 Exploration; no mineralization >0.05
PLN24-119
045S
587688.1
6410678.8
545.3
-62.1
54.2
256.50
259.00
2.50
0.05
265.50
266.00
0.50
0.18
268.50
269.00
0.50
0.12
PLN24-120
150S
587778.3
6410614.7
545.6
-59.8
53.9
no mineralization >0.05
PLN24-121
090N
587651.1
6410818.9
545.4
-60.2
52.4
no mineralization >0.05
PLN24-122
3450S
589879.7
6408062.4
538.4
-66.0
55.2
B1 Exploration; no mineralization >0.05
PLN24-123
015N
587736.6
6410788.7
545.6
-65.5
54.9
no mineralization >0.05
PLN24-124
240S
587846.9
6410598.5
546.0
-66.7
78.6
A1 Exploration; no mineralization >0.05
PLN24-125
090N
587634.3
6410806.6
545.2
-60.2
51.9
no mineralization >0.05
PLN24-126
3555S
589878.4
6407928.7
532.2
-61.3
55.2
B1 Exploration; no mineralization >0.05
PLN24-127
045S
587794.4
6410756.0
545.7
-60.5
54.8
no mineralization >0.05
PLN24-128
030S
587749.6
6410742.4
545.7
-60.4
53.5
216.50
217.50
1.00
0.15
PLN24-129
015S
587747.0
6410758.9
545.7
-61.5
54.2
215.00
220.00
5.00
0.70
PLN24-130
1005S
589527.1
6410832.3
539.1
-65.0
55.1
Exploration; no mineralization >0.05
PLN24-131
795S
588288.1
6410188.1
532.5
-65.1
55.0
A1 Exploration; no mineralization >0.05
Assay composite parameters:
1: Minimum Thickness of 0.5 m
2: Assay Grade Cut-Off: 0.05% U3O8 (weight %)
3. Maximum Internal Dilution: 2.0 m
Table 2. Drill Hole Summary and Handheld Spectrometer Results
Collar Information
* Hand-held Spectrometer Results On
Mineralized Drillcore (>300 cps / >0.5m
minimum)
Athabasca
Unconformity
Depth (m)
Total
Drillhole
Depth (m)
Hole ID
Section
Line
Easting
Northing
Elevation
Az
Dip
From (m)
To
(m)
Interval
(m)
Max CPS
PLN24-
146
2850S
589424.5
6408454.7
533.3
-78.3
50.7
B1 MSZ Exploration; no radioactivity >300
cps
167.8, 274.4,
314.0
737
PLN24-
147
2370S
589105.9
6408835.4
543.7
-70.4
56.9
A1 MSZ Exploration; no radioactivity >300
cps
n.a.
293
PLN24-
148
2280S
589072.1
6408921.7
543.9
-73.9
55.5
A1 MSZ Exploration; no radioactivity >300
cps
n.a.
296
PLN24-
149
795S
588316.1
6410208.7
530.8
-58.9
53.9
196.50
197.00
0.50
430
n.a.
296
PLN24-
150
1125S
588460.1
6409904.8
533.3
-70.3
58.1
A1 MSZ Exploration; no radioactivity >300
cps
n.a.
275
PLN24-
151
1530S
588676.0
6409561.0
544.5
-70.4
54.1
A1 MSZ Exploration; no radioactivity >300
cps
n.a.
305
PLN24-
152
2850S
589259.2
6408356.8
537.2
-67.8
53.1
351.00
351.50
0.50
460
179.9
626
351.50
352.00
0.50
<300
352.00
352.50
0.50
420
436.00
436.50
0.50
340
440.50
441.00
0.50
760
PLN24-
153
555S
588064.4
6410322.0
534.6
-72.0
55.6
A1 MSZ Exploration; no radioactivity >300
cps
125.0
293
PLN24-
154
2100S
587534.1
6408053.1
531.8
-60.2
35.9
A3 Exploration; no radioactivity >300 cps
n.a.
386
PLN24-
155
1215S
588507.3
6409827.9
536.4
-69.9
58.0
A1 MSZ Exploration; no radioactivity >300
cps
108.7
266
PLN24-
156
1335S
588571.3
6409726.1
543.9
-70.0
53.2
A1 MSZ Exploration; no radioactivity >300
cps
n.a.
296
PLN24-
157
2745S
589215.3
6408451.4
540.7
-65.3
54.2
460.00
460.50
0.50
380
153.0
614
558.50
559.00
0.50
380
559.00
559.50
0.50
730
PLN24-
158
2040S
588934.9
6409122.9
543.9
-70.1
56.5
179.50
180.00
0.50
530
n.a.
329
PLN24-
159
2235S
589041.3
6408957.5
543.2
-70.5
52.4
A1 MSZ Exploration; no radioactivity >300
cps
n.a.
293
PLN24-
160
2430S
589122.8
6408773.1
543.4
-71.5
59.0
172.50
173.00
0.50
430
n.a.
299
Handheld spectrometer composite parameters:
1: Minimum Thickness of 0.5m
2: CPS Cut-Off of 300 counts per second
3: Maximum Internal Dilution of 2.
0m
Natural gamma radiation in the drill core that is reported in this news release was measured in counts
per second (cps) using a handheld Radiation Solutions RS-125 scintillometer. The Company considers
greater than 300 cps on the handheld spectrometer as anomalous, >10,000 cps as high grade and
greater than 65,535 cps as off-scale. The reader is cautioned that scintillometer readings are not directly
or uniformly related to uranium grades of the rock sample measured and should be used only as a
preliminary indication of the presence of radioactive materials.
Composited weight % U3O8 mineralized intervals are summarized in Table 1. Samples from the drill
core are split into half sections on site. Where possible, samples are standardized at 0.5m down-hole
intervals. One-half of the split sample is sent to SRC Geoanalytical Laboratories (an SCC ISO/IEC
17025: 2005 Accredited Facility) in Saskatoon, SK while the other half remains on site for reference.
Analysis includes a 63 element suite including boron by ICP-OES, uranium by ICP-MS and gold analysis
by ICP-OES and/or AAS.
The Company considers uranium mineralization with assay results of greater than 1.0 weight % U
3
O
8
as
"high grade" and results greater than 20.0 weight % U
3
O
8
as "ultra-high grade".
All depth measurements reported are down-hole and true thickness are yet to be determined.
About Patterson Lake North:
The Company's 4,078-hectare 100% owned Patterson Lake North property (PLN) is located just within
the south-western edge of the Athabasca Basin in proximity to Fission Uranium's Triple R and NexGen
Energy's Arrow high-grade world class uranium deposits which is poised to become the next major area
of development for new uranium operations in northern Saskatchewan. PLN is accessed by Provincial
Highway 955, which transects the property, and the new JR Zone uranium discovery is located 23km
northwest of Fission Uranium's Triple R deposit.
Qualified Person:
The technical information in this news release has been prepare in accordance with the Canadian
regulatory requirements set out in National Instrument 43-101 and approved on behalf of the company by
Raymond Ashley, P.Geo., President & COO of F3 Uranium Corp, a Qualified Person. Mr. Ashley has
verified the data disclosed.
About F3 Uranium Corp.:
F3 Uranium is a uranium project generator and exploration company, focusing on projects in the
Athabasca Basin, home to some of the world's largest high grade uranium discovery. F3 Uranium
currently has 20 properties in the Athabasca Basin. Several of F3's projects are near large uranium
discoveries including Triple R, Arrow and Hurricane.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable
securities laws. All statements that are not historical facts, including without limitation, statements
regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions,
expectations or beliefs of future performance, including statements regarding the suitability of the
Properties for mining exploration, future payments, issuance of shares and work commitment funds,
entry into of a definitive option agreement respecting the Properties, are "forward-looking statements."
These forward-looking statements reflect the expectations or beliefs of the management of the Company
based on information currently available to it. Forward-looking statements are subject to a number of
risks and uncertainties, including those detailed from time to time in filings made by the Company with
securities regulatory authorities, which may cause actual outcomes to differ materially from those
discussed in the forward-looking statements. These factors should be considered carefully, and readers
are cautioned not to place undue reliance on such forward-looking statements. The forward-looking
statements and information contained in this news release are made as of the date hereof and the
Company undertakes no obligation to update publicly or revise any forward-looking statements or
information, whether because of new information, future events or otherwise, unless so required by
applicable securities laws.
The TSX Venture Exchange and the Canadian Securities Exchange have not reviewed, approved or
disapproved the contents of this press release, and do not accept responsibility for the adequacy or
accuracy of this release.
F3 Uranium Corp.
750-1620 Dickson Avenue
Kelowna, BC V1Y9Y2
Contact Information
Investor Relations
Telephone: 778 484 8030
Email:
ON BEHALF OF THE BOARD
"Dev Randhawa"
Dev Randhawa, CEO
See cross section at
PLN JR Zone|F3 Uranium Corp.
under "Sections"
Map #1
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Map #2
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